Old Mai Dong Lao Had a PensionIt's hard to keep up the communist rhetoric when you've got Gucci. Harder still with millions of farmers struggling to scratch out a living while China's select few live the good life. Beijing is hip to the growing class tensions, however, and will start subsidizing a national pension for rural workers.
It’s hard to keep up the communist rhetoric when you’ve got Gucci. Harder still with millions of farmers struggling to scratch out a living while China’s select few live the good life. Beijing is hip to the growing class tensions, however, and will start subsidizing a national pension for rural workers.
Wait, before you go…
The government will pay for basic insurance for rural workers and farmers will contribute to a pension pot.
There is widespread discontent among China’s rural poor about the wide disparity between their income compared to that of urban residents.
The government already operates a basic pension plan for urban workers.
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